(Solution) - A recent statement of cash flows for Apple contained the -(2025 Original AI-Free Solution)

Paper Details

A recent statement of cash flows for Apple contained the following information (dollars in millions):
Operations
Net income ............................................ $25,922
Depreciation .......................................... 1,814
Changes in assets and liabilities
Accounts receivable ................................. 143
Inventories ............................................ 275
Other current assets ................................. (1,391)
Accounts payable ................................... 2,515
Deferred revenue .................................. 1,654
Other current liabilities ............................ 4,495
Other adjustments ................................. 2,102
Cash generated by operations ..................... $37,529
Required:
For each of the asset and liability accounts listed on the statement of cash flows, determine whether the account balances increased or decreased during the period.